Investment bank TD Cowen has raised its Bitcoin price forecast, saying BTC could reach about $109,000 by the end of 2026 and climb to $280,000 in 2029. At the same time, the firm kept its price target on Strategy (MSTR) unchanged at $260. According to TD Cowen, a higher Bitcoin price would increase the value of Strategy’s BTC holdings, but that upside would not fully translate to shareholders because stock dilution would limit the gains available to MSTR investors. The update was cited by The Block and relayed by Odaily.
Investment bank TD Cowen has raised its Bitcoin price forecast, projecting that BTC will reach about $109,000 by the end of 2026 and rise to $280,000 in 2029.
At the same time, TD Cowen kept its price target on Strategy (MSTR) unchanged at $260.
The firm said that while a higher Bitcoin price would lift the value of Strategy’s BTC holdings, the upside available to MSTR shareholders would be constrained by stock dilution.
The update was reported by The Block.
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